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20121201
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Search Results 0 to 49 of about 195 (some duplicates have been removed)
CNBC
Dec 3, 2012 9:00am EST
in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff beca
CNBC
Dec 14, 2012 9:00am EST
. europe has also been a blend of red and green as the ft names ecb chief the person of the year. we're going to kick off with breaking news. for that would, we go to david faber. >> news on best buy, in the news yesterday. the stock up sharply. what we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. giving schultz the opportunity to look at not just christmas sales, but the end of their fiscal year, which will end at best buy on the 31st of january. and that window, again, will be 28 days long giving him an opportunity to continue to try to cobble together a bid with private equity firms and those who might finance a potential bid for the company at whatever price that might come at, if it were in fact to come at all. no word in te
CNBC
Dec 5, 2012 3:00pm EST
been a resurgence of developed markets, europe particularly, and investors who left that market, that's been a great place to be for the last few months. there's so much focus on fiscal cliff. i think that's very hard to do on a day to day basis. for multiasset portfolios, the rest of the world is a good story right now. >> because we're so dominated by these issues in washington. rick santelli, some enthusiasm going on in these markets today with the anticipation of perhaps a deal. do you buy into it? is that what you're seeing in chicago? >> first of all, there are many expecting a deal. down in chicago, we don't just hope for a deal, we hope for a reform-oriented deal. to just do a deal without tagging it to reform is just going to make more of the same at some future date. the treasury complex really, really unfazed by just about all of it. briefly, we're under a 158 yield. haven't been there since second week in november. after 815, 118,000 jobs, interest rates were never as high as they were before that number. that really set part of the stage for treasuries. >> and you guys do
NBC
Dec 26, 2012 3:00am EST
in the overall market because of europe or something involved in the election. in other words, other than for those who are shorting or going long stocks ahead of the quarter, these earnings reports need a context to make you money. they can't be relied upon anymore because they aren't as predictive of future behavior as they once were. they are a piece of the puzzle. a part of the mosaic. but they are only one of many important parts that predicts where a stock will go over the interyacht term. that tends to be the focus that i teach on the show. and it is a teaching show. because i want you to know the metrics i'm using to pick stocks i talk about and recommend here. and pick for my charitable trust, actionalertsplus.com. i want to teach how you to listen to these calls and read the transcripts. i'm hoping this show will once and for all, because this is what i see at jim cramer on twitter constantly tell you how to evaluate your portfolio, figure out what you need to trim, what you need more of. let it help your stock selection hone your wave thinking. not mine. yours. earnings season
CNBC
Dec 19, 2012 9:00am EST
in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stakes in gm in the next 12 to 15 months. the automaker will buy back 200 million shares from treasury for $27.50 a share. treasury says it plans to sell its other remaining shares through various means in an or
CNBC
Dec 12, 2012 4:00pm EST
of this you focus on what happens internationally and china continues to recover. europe looks like it's stabilizing and we didn't change our strategy based on the news, just a little bit more of what you're doing. >> randy, anything change for you? >> no, not really. what we're watching is the parallels that occur now, where we stood with the fiscal cliff and where we stood in 1999 with the y2k situation. we borrowed a lot of growth in 1999 from 2000, and that led us to a recession. we're looking at the same thing now. we're seeing people have accelerated dividends, pre-payments, seeing a lot of companies that single proprietors are paying themselves this year in anticipation of higher rates. >> it's interesting that you point that out. it could be argued at the same time that we're delaying growth until next year because of the number of companies that have delayed hiring or capital expenditures because of the uncertainty about the fiscal cliff. >> yeah. well, uncertainty, unfortunately, is perhaps going to continue with this because the regulations are not going to go away there. ma
CNBC
Dec 17, 2012 12:00pm EST
internationally. china we talked about for several months now. i think europe the data points are getting no worse. i think that could be source for upside for 2013. imagine if you get this unknown here in the states plus all of this global liquidity. i think it's very powerful and positive. >> steve weiss, tepper whom i know that you know well says the obvious. in that d.c. could screw it all up for the near term but says the fed's still there, our economy is improving. you've got the ecb with his words a put under the market as well. >> the only place i won't agree with dave is on the golf course. because i know i'm a better player than he is. in terms of the market, he's been laying it out this way for awhile. let's face it, aside from renaissance technology, he has the best long-term track record of any fund manager out there. not just hedge funds but i generally defer to genius like that. that means he gives me a few more strokes the next time we play. >> i know it's painful for you. >> it's very painful. you're flush with liquidity. the issues continue to be, and i think one of the things, t
CNN
Dec 22, 2012 10:00am PST
're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major economic trauma to get them to poex. >> other things have been on the table. i want to talk to our viewers about a few of those as soon as we come back. coming up next, republicans want a new formula for inflation. it's called chained cpi. not a bad idea overall but it could slow the payments to social security recipients. the president has said he could agree to it but democrat lawmakers say no way. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inf
CNBC
Dec 18, 2012 12:00pm EST
, both domestically and over in europe primarily because of issues both economies faced. the fiscal cliff here and the recession over in europe. i think us getting through that makes oracle a nice pick into 2013. sadly, i've got to side with weiss. >> why is that sad? >> it always sad when i have to side with you, steve. >> we'll close on that. >>> in the meantime, speaker boehner's comments gave hope that we're close to a fiscal deal, make not a grand one but ap deal nonetheless. what will that mean for stocks? let's go to jackie. >> scott, that's exactly right. stocks getting a bid off those comments from house speaker boehner suggesting the idea of a plan b. but could a resolution to the fiscal cliff be an ultimate sell the news trade? let's talk futures now. let's start with you, rich. how much how yeigher do you thi stocks will go due to this deal? >> we were looking at levels of 1440. it broke out yesterday at 1424. this is our target. we've hit that. but if we close above 1440, i think that opens up the deal potentially to yearly highs. 1468, 1463 i think could be in the cards if w
CNBC
Dec 6, 2012 9:00am EST
keeps rates unchanged. europe continues to hang in there economically. >> and nat gas gets a boost. the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you know, this i found, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now
CNBC
Dec 14, 2012 4:00pm EST
without $1 trillion in stimulus. in europe the stimulus stopped working in 2012. in 2013 the stimulus is just not going to make an impact. these more wealthy people that will be spending will be hit by more taxes and they will slow down and i think that you're going to see the economy be much worse in 2013, but, you know, we may get more stimulus first in china and europe so i think it's going to be see-saw first half of 2013 and then i think the markets will head down seriously in the second half of 2013. >> but, again, to his point, the wealthy includes savers, both corporate and individuals, grandma and grand past the fed is killing them. >> killing them. >> so if we don't reball the equation, i don't think we'll make any progress. >> very, very important insights. gentlemen, appreciate it. >> happy new year. >> let's hope it's a happy one, guys. thank you. >>> meanwhile, dallas federal reserve president richard fisher saying congress should borrow a book from its playbook to strike a deal on the fiscal cliff. >> we get things done. we make a decision, and we proceed. >> we'll disc
NBC
Dec 18, 2012 3:00am EST
prefer to expand in asia than here, or even europe that i talk to. the bountiful energy found in america, all of the natural gas and all that stuff, i can think of just three companies taking advantage of it. and that's talking about exporting it. the partnership sign. a 20-year agreement with total today, cqp is the symbol there. the real problem is in the exporting of the cheaper, cleaner fuel that is natural gas. not burning it here. or manufacturing with it. the industrial renaissance as i've been telling you, as much as it just breaks my heart, is stillborn. it's not getting better. retail's a real worry. i think we've fallen off a gift cliff. so few companies i know are doing well this holiday season. it is looking like a total bust. courtesy of sandy, incredibly warm weather and, of course, the fear engendered by the serious issue that is the fiscal cliff. i see that weakness and i'm not crazy about these stocks, in general. but i think that the conclusion of the housing crisis is upon us. which means there will be more money going to building and fixing up homes in 2013 than ther
CNBC
Dec 18, 2012 9:00am EST
deal or not. futures are up and the dow gained 100 yesterday. but there is room for skepticism. europe's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of the more famous financial bears, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperform just as it did last time. >> private equity firm server said it will sell the firearms conglomerate. is private equity talking about guns in the country. >> futures moving higher on optimism. the white house republicans rising above partisanship, getting closer to striking a deal on the fiscal cliff. we have t
CNBC
Dec 3, 2012 6:00am EST
at what's been happening in europe, you'll see a similar story there. actually a little stronger gains. in france, the cac up by about two-thirds of 1%. in germany, the dax up by 0.4% and ftse in london is up by a quarter percent. in asia overnight, you did see the hang seng down by about 1.2%. shanghai composite down, as well, down by 1%. in consider rea, the kospi up by 0.6%. oil prices have been a little weaker. down by about seven crept cents. and ten year note yielding 1.61%. that's been stuck in a tight range for quite a while. take a look at the dollar this morning. you'll see the euro at this point is still above 1.30, 1.3029 even though the dollar down across the board. dollar-yen at 82.10. gold prices this morning are up by about $8. as the fiscal cliff approaches, we're wondering what we can expect from the markets. our guest hosts again barry knapp and richard bernstein. barry, you're concerned about the direction the talks have taken. >> yeah, it's interesting as i actually traveled through europe last week, there is all this focus on the timing of getting a deal. but ther
CNBC
Dec 18, 2012 7:00pm EST
of uncertainty. so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if you can get china and europe doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be sign
CNBC
Dec 13, 2012 1:00pm EST
before that, announcements to spur tit in europe p so buy into the feds, sell on it. people have been asked by playing inflation here. let me give you heavy volume in the pro share short treasury, tbt. twice the inverse of the treasury. got to be careful with this because it can only get results on a one-day basis. but a lot of people, maybe inflation will be an issue in 2013. >> sure, absolutely. >> it wasn't in 2012. but this trade is a big one. if it ever happens it is a huge trade. >> it is important to mention that that eta is twice the inverse. >> and it doesn't correlate on the long-term basis. only on daily basis. be careful. >> thanks, bob. appreciate it. >> this week i paid a visit to blackrock's trading floor. first time cnbc has been allowed access there, in fact. we got their outlook for 2013. blackrock president robert kapito oversees the firms as pepts here is what he said about the fiscal cliff and beyond. >> when you say they will take it to a crisis, does that mean we go over the fiscal cliff? >> there is a very high likelihood that it does or be at 11:59 on december
CNBC
Dec 7, 2012 9:00am EST
and melissa lee. questions remain about the internals. europe is reacting to a miss on german industrial production and some reports at least that some ecb members favored a rate cut yesterday. our road map will go like this. that puzzling jobs number beating virtually every wall street estimate as the labor department says sandy had only a minimal effect. is it true a clean number and what are conspiracy theorists saying. >>> a comment hastings made last july. what does it say about s.e.c. rules and whether they are out of date. >> mcdonald's will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. we begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. october and september payrolls were revised lower. unemployment rate fell by 0.2 to 7.7. that's the lowest in four years. the dip occurring mostly because more people stopped looking for work and were not counted as unemployed. as for hurricane sandy, the labor department says the storm did not substantively impact the novembe
CNBC
Dec 11, 2012 9:00am EST
the slots at heathrow. those remain the crown jewel in terms of the airline business going over to europe. if you have access to those slots, it's a much easier way to become profitable or increase your profits over in europe. by the way, there are 31 daily flights between the uk and north america. we'll find out exactly what happens in terms of frequent flier redemption possibilities between delta and virgin atlantic. remember, virgin atlantic is not part of any global alliance, not part of the sky team alliance, although many wonder if that's going to change with some time. take a look at shares of delta. richard anderson has had a nice little move here. some people would say, listen, this is all about jet fuel as it has moderated. there's something else at play here. we'll be talking with richard anderson about this at 11:40, first on cnbc. we'll talk to him after the press conference announcing this deal. you don't want to miss what he has to say. this is a ceo, and we've talked about it several times, who is trying to take the steps that will help delta grow in the future. you look a
CNBC
Dec 10, 2012 9:00am EST
. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had thi
CNN
Dec 19, 2012 12:00am PST
murder rates. we have lower murder rates in other parts of the country than even in europe. than even where you come from. but what has created a problem in the united states, is to say in cities and schools, those are areas where we're not going to allow them to defend themselves? >> what is the murder rate in great britain for the last three years? >> it's under 3 for 100,000. >> just give me a number. >> it's actually .3 per 100,000. about a tenth of what it is in your vaunted english bucolic country, sir. the fact of the matter with guns comes safety. if the guns are in the hands of the good guys. when you say the good guys can't have guns, the bad guys have a monopoly and horrible things sufficient as shootings at schools take place. >> the ar-15 as we've seen in the last three shootings, aurora, the shopping mall in oregon and now sandy hook, the preferred weapon for young men who want to transfer hundreds of bullets of rapid fire if you have the right magazines. the president has stated he wants to ban weapons like this. what is your view? >> i think we need to ban gun control
CNBC
Dec 5, 2012 11:00pm EST
, turning around europe, taking india by storm, talking about adding thousands upon thousands of stores throughout china, even showed you numbers that said unlike yum, kentucky fried chicken, it hasn't seen any deceleration in china. these are my ears like i listen, these are my eyes, i've watched. howard schultz, call me crazy, made major fortunes investing with them, my bad. and then i heard the questions from the audience, i didn't even listen. what were they looking at versus what i was looking at? they were looking at john carter, i was looking at the new bond movie. one after another, they were all downbeat. is the expansion too rapid? is china any good? whether demand for expensive coffee is there. i was waiting for a guy to say, listen, that triple cappuccino stinks. if i were howard, i would tell them to take a hike. they were too negative versus what the company's up to. their pessimism? opportunity. starbucks was actually down. one time -- i have the apple ipad, you know, thing i'm like, wow, it's under 50. i mean, wow. terrific opportunity. ipad, i mentioned it, surprised on
CNBC
Dec 6, 2012 3:00pm EST
? >> not necessarily. we would stay with dividend payers. we would also dip our toe into europe into some very high-quality, multicountry stocks there. mostly on consumer discretionary stocks as well. >> george, we haven't forgotten you yet. scott, i have a question for you. just noticed today france and germany's stock markets hit 52-week highs. we're still wringing our hands over the debt crisis, and the equity markets are hitting new highs for the year. is it too late to get into those markets? >> i don't think so, bill, at all. all the european markets are up for the year except portugal, which is up slightly. even greece is up year to date. i don't think you're too late on that trade at all. in fact, i think, quite frankly, the structural changes that are happening in europe could produce growth for many years come. >> where are you putting money to work, george? >> the fiscal cliff is sort of the uncertainty du jour. people are always worried about next uncertainty. you need to blow past that and think about where the next good stocks going to be, how can i invest, how can i participate? taxe
CNBC
Dec 10, 2012 3:00pm EST
cheaper? europe. >> germany and france at two-week highs last week. >> there's a few countries over there. i like the relative value there. they've got a printing press. they're going to open that. what i learned is you don't fight the tape and don't fight a bailout. i've got about 30% off this country -- outside of this country. and added 10% in emerging markets. now i think that we've had a bloodless revolution again in china, i think it's a great place. look at emerging markets. better value while you wait around. >> and they've done well over the last year. it was just they've been the silent gain. you haven't quite realized they've been doing so well. >> i like it. i wouldn't rush into anything. if you hid cash on the side, what a good time getting in. >> this market has stopped reacting on a minute by minute basis to all the prognostications out of washington on the fiscal cliff. what do you make of that? are we becoming complacent? are we immune? what are you talking about on the floor? >> we just had the president speak. nothing there. china numbers tomorrow. then germany. maybe n
CNBC
Dec 20, 2012 3:00pm EST
means i.c.e. will be clearing its equity trades in europe. this deal will not face regulatory scrutiny with the way that this is formed. the former deal attempts with deutsche boerse fell and here there was no overlap between i.c.e. and nyc. however, this clearing agreement makes it very tough and expensive to break up this deal between nyc and i.c.e., so the question market sources are asking now is what is the next move for cme group, nasdaq, hong kong exchange, among others? let's talk about when,deal and what it all means right now. scott, this is part of the deal that's really being underreported and not spoken about too much. that's the clearing exchange partnership. that's going to make it very tough to penetrate and to get any competitors to break up this deal. >> officials all over the globe who are assessing this deal and trying to figure out what they are going to do next to try to remain competitive. joining us now are david faber, bob pisani and steven guilfoyle and rick santelli at the cme. first, david, who broke the story this morning, i guess this deal had to happen ba
NBC
Dec 28, 2012 3:00am EST
coming. >> all aboard. >> think about how often have we been clobbered by the mess in europe. every time things start to look less horrible across the atlantic, every time we begin to wonder it maybe, just maybe, the worst is finally past, there's some hideous headline out of greece or portugal or spain or italy that the comes back with a vengeance and the s&p gets bashed down by a torrent of selling. that's why it's so important to prepare yourself and your stocks for the next catastrophe around the corner. expected or unexpected, so that you can make money in any market, or at least lose less and not just when things are going smoothly. you have to build this stuff into what i call your world view. you have to assume that somewhere, sometime, something will go wrong. i'm not saying you should be a super skeptic perma-bear, not at all. over the course of my 31-plus years in this business i've seen the averages climb way too way, watched the market make people way too much money to ever be that cynical and close-minded. being negative all the time has not historically been a lucrative st
CNBC
Dec 12, 2012 9:00am EST
conference in just a few hours. as for europe, some green arrows, despite a miss in the eurozone in production this morning. >> the road map starts this morning with, of course, the fed. expectations for revamped bond buying program. what will the economic forecast say about next year and what to make of the "wall street journal" story that says academics are driving monetary policy at secret dinners in switzer land. >> more counteroffers in the debt negotiations. it looks like corporate taxes are part of the deductions. >> costco beats by 2 cents, better sales and better sales and membership fees. >> some more reports about apple tv today. the journal said it's designing a high -- new high-resolution set. microsoft trying to widen the list of retailers that will carry the surface tablet. the fed is going to wrap up its two-day meeting. a watch is on to see if ben bernanke and policy makers make a decision about the interest rates. later on, the chairman will hold a news conference, and of course, cnbc, will bring it to you live. coverage beginning at 2:00 p.m. eastern. jim, a lo
CNBC
Dec 17, 2012 6:00am EST
, businesses started cutting back aggressively. and i think that was partly because of concern over europe. conference over china. businesses are running very, very clean right now. i do think there's capacity. >> and maybe that business investment will help the consumer who will feel the pinch of higher taxes? >> that's the hope ultimately is that you get that multiplier. businesses and corporations have been doing well, they have cash on the balance sheets and they start lending. i think one of the other crucial components is credit creation. it can't just come from large corporations. it has to come from medium and small bess. >>> coming up, bob doll gives us his outlook for the fed. linking rates to the unemployment rate. then at 8:00 eastern, a cnbc exclusive, david tepper, one of the world's top performing hedge fund managers will give us some of his investing wisdom and what will be a can't miss "squawk box" interview coming right back. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perf
CNBC
Dec 27, 2012 9:00am EST
not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry rei
CNBC
Dec 28, 2012 9:00am EST
, the meeting at the white house, 3:00 between the president and some congressional leaders. as for europe, getting some data out of japan overnight and some data out of europe. currently red arrows across the board, in london, paris, and frankfort. our road map begins at the white house. congressional leaders set to meet with the president, 3:00 p.m. this afternoon. senator reid has already said hopes of a deal are fading quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before
FOX News
Dec 10, 2012 1:00pm PST
fitness award, it ain't going to happen unless i am living in europe when there is precedent when the entire european union accepts the nobel peace prize. i am serious, they are serious, the same folks who brought you riots they could not stop and protests they could not control, and now they are winning a nobel peace prize that has to be unbelievable for a union that is going off the we rails and a currency that threatens to go off the abyss to former u.k. member of parliament john brown who is going out of his mind. i cannot believe this, but, yet, when i first heard it announced, it really happened. >> yes, you are absolutely right. when i was a nato soldier myself and when i was a member of parliament i was on the political arm of nato which was the north atlantic assembly and it was clear that it was nato particularly with the american and british nuclear deterrence that kept the peace and that extended through a circle around the ussr and margaret thanker made me the escort for gorbachev and it was clear that president reagan's strategic defense initiative brought them to th
FOX Business
Dec 14, 2012 1:00pm EST
things worse. europe is doing it, southern europe. it keeps raising. the economy contracts even more. about to go in recession. japan raising taxes. why in the world we would apply that poison to ourselves. lori: that is the ultimatum from the white house, as you know. because of the president's reelection they have the leverage. so are the republicans going to have any choice but to cave especially on the issue of raising taxes for higher-income americans? >> well, there are small business owners. 63 percent, and people who create capitol, invest capital. we have seen in europe and france especially, that kind of thing does not work. he does not have a mandate to hurt the economy which is the way the republicans should phrase this thing. why harm the economy now. lori: edges of the economy fall off the cliff to iraq or raising the tax on the wealthy. >> with the republicans should do, making the point they're raising taxes is a bad thing to do, let's postpone this bank. better to do that than to give poison to the patient now. our economy is starting to slow again. give people pause
CNBC
Dec 17, 2012 9:00am EST
right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking
CNBC
Dec 19, 2012 6:00am EST
. >> that we're just relieved, and that you don't get the huge bounce. but europe is also tracking what we're doing here. as it should really. our economy is much more important to the globe than what happens in any of those little economies over there. the shares drifting higher in early trading on expectations that a budget deal is closer. in asia, japan's nikkei rising above the 10,000 mark, wow, the first time in more than eight months. still a ways from 50,000. among the catalysts, expectations of more aggressive monetary stimulus from the bank of japan. the boj wraps up a two-day meeting with a policy announcement tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited
CNBC
Dec 5, 2012 6:00am EST
. didn't raise the maximum amount. that's where we stand. it's another cautious day under way in europe. back to you guys. >> might get my haircut like hers, ross. you know, that anna wintour. that bizarre -- do you think you can manage it? >> a page boy. >> you think you carry that one? >> you'd look awful. >> you know what? we're going to do it. >> you're asking these guys to put me -- >> you'd look good in that one from "dumb & dumber." >> yeah. i make that sound. the most annoying -- you want me to do that? >> no, we don't. >> morgan stanley is trying to bolster lending. some advisers are said to have left the firm due to a lack of lending capacity. you didn't bargain for this, did you? we're asking you about your company. is that okay? >> absolutely. >> greg funding -- we already know he joins us. you did provide investors with an update. >> yes. >> ross, you want to get into this conversation as well? you hear him? >> he's gone. >> he's gone now. our audio guy is drinking or something. what did you tell them? >> i told them that we have a great business in wealth management. we've
CNBC
Dec 10, 2012 6:00am EST
fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy is rebounding more than expected. >> the exports. >> yeah. >> among the catalyst in asia trading today, economic stats out of china. export growths slowed sharply to 2.9% in december. that news j underscores the global headwinds dragging on the economy. but the chinese economy is showing solid signs of a pick up in domestic activity. industrial output was stronger than expected. the country has been saying for years it needs to shift a little bit from the export model the internal consumption. let their middle class grow and not be nearly as dependent on exports. and china's oil demand in november surpassed 10 million barrels per day for the first time ever. the country's crude
CNBC
Dec 20, 2012 6:00am EST
right now at where things stand in europe, you'll see that the ftse is barely higher. but you do see a bit of a decline for germany and france and modest moves across all of these markets. the bank of japan easing monetary policy again today, announcing an increase of its asset buying and lending program by more than $118 billion. that move was widely expected as part of the reason that you had seen the yen under quite a bit of pressure, yesterday, at least. you'll see right now that in japan, the market there actually closed down by just over 1%, 1.2% almost. the hang seng and the shanghai composite were slightly higher. oil prices this morning, you'll see right now, are down by about 4 cents to $89.94, so you have things to pick up in those prices over the last couple of days. and the ten-year note at this point which yesterday was yielding above 1.8%, dropping down to 77.2%. finally, take a look at the dollar and gold. yen is at 83.99. gold prices this morning with all these movements in the currency markets up by about $1.10. >>> winter storm draco is moving across the united sta
CNBC
Dec 24, 2012 6:00am EST
all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. on a broad thing like this, you need both. and he has put himself with plan b and sort of an impossible position. he has to get these hard right goes to go along with him. and he and the president were going to say we're going to pass a deal with the majority of republicans and the majority of democrats in the house and senate, we would get a mainstream deal. >> i think we're going to fall out of the fiscal tr
CNBC
Dec 28, 2012 6:00am EST
've been hearing our guests across europe telling us they are worried about the way we can see markets trade lower once people come back and realize we haven't had any agreement reached on the fiscal cliff. and that essential doesn't look likely at this point. >> okay, kelly. i couldn't help detect a little -- i mean, you're over there now. you're international. the most important story of 2013 is something with japan? >> yes, joe. >> though, no, no. it's here. >> yes, yes, nope. >> that's the third biggest thing. that's a little tail. that doesn't wag the big st. bernard that is the united states. >> here is one reason. japan isn't necessarily important because of the size of its economy. so if you're talking about global gpt growth, the u.s. is still the juggernaut there. >> fiscal abyss. fiscal abyss. >> japan is not only the leading gauge of what is happening across europe, but potentially what could happen in the u.s. if these policies aren't -- enough. it's will case of this extremely high debt load, something we're discussing in the u.s. and europe right now. if it manages to en
CNBC
Dec 7, 2012 4:00pm EST
of the year. we have so much uncertainty in washington. we do have slowing economies in europe and in the u.s. >> right. david, what do you say right now? break the tie for us. >> break the tie. in the near term, there's an epic tug of war between extremely aggressive monetary easing and just total disdain for what they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks that i think that still can be a positive catalyst for stocks relative to traditional bonds over the next 12 months. >> i'm going to push back a little bit on that. >> i'm going to break the tie in ralph's favor. >> david, i want to push back a little bit on that. in terms of -- like, is the fed really that much of a factor these days now in terms of keeping the market afloat? >> absolutely. >> it's not losing its bang for its buck? >> it's not as powerful as it was in the fall of 2008 or even 2010, but when you consider that, u.s., long bonds, 1.5%. short-term interest rates, zero. negative on an infla
CNBC
Dec 10, 2012 4:00pm EST
last time you liked europe. what about here in the united states? what would you buy here? >> well, i wouldn't buy anything if i haven't bought it already. i would sit around and wait. you've got she nan nanigans goi in washington. there are 535 people who have to think i want to keep my job. they'll decide to rise above. this is all going to be wonderful. in the meantime, if you're trying to figure out which way to go, i have traders out here who will tell you every day very difficult thing to do. >> isn't that the case. for sure. >> sandy, weigh in here. what would you be doing? >> actually i take a little bit different view. this fiscal cliff is a grander issue than just the united states. the drag in the u.s. is a big import to the rest of the world. stock markets are supposed to be leading economic indicators. if you look at the markets around the world from the last several weeks to months, the markets seem to be indicating just the opposite. they seem to be indicating that a deal will get done. what kind of deal whether it's one stage or two stage, nobody knows. but the fact of
CNBC
Dec 17, 2012 3:00pm EST
is going to be, fiscal cliff going into the end of the year, we'll start to focus on europe and japan printing money over there. we'll get back into the macroeconomic horizons and see how it goes. but yeah. i think there's been some outflows in certain sectors, risk is on here. >> all right. bill nichols how are you playing this waiting game right now? >> i think one of the real interesting sectors one of the guests mentioned is the action in financials. you look at bank america and you haven't seen any real participation in the financial sector for four or five years. that's one to keep an eye on. you may see a meaningful move. that could be good for the market. >> you don't think it's too late -- >> -- next year in terms of a tax increase. >> bank of america is the best performing this year. it's not too late to get into that? you think there's more to come? >> look at the short-term move and it looks good. look at a five or six year chart and it's a different story. looks like you've got more room on the upside. >> rick santelli, jump in here. what are you seeing in chicago the mov
CNBC
Dec 17, 2012 7:00pm EST
a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> so is president obama's labor relations board biased on behalf of big labor and their union bosses? that's the consensus of the new congressional report. joining us now is house oversight chairman, republican darrell issa of california. chairman issa, as always, welcome, sir. the headline story here is that the nlrb is bias in favor of unions and their bosses. that's not a shocking headline. but i just wanted to hear some of your key points. what's your most important point in your investigation? >> i think one of the most important discoveries was that there were inappropriate rule violations, what they call ex parte discussions that went on where you actually have the p
CNBC
Dec 18, 2012 3:00pm EST
canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. . >>> what i care about is reducing the deficits. we'll investigation pleasive growth in the country. >> how high will this market go in the face of the fiscal cliff? >> so bad they are actually good. j.c. penney and groupon have been miserable stocks this year, and their ceos are both in the running for herb greenberg's worst ceo award of 2012 which he'll bring you live. could there be more upside for these troubled names? let's talk number
CNBC
Dec 19, 2012 3:00pm EST
, stabilization in europe and the u.s. at 2.7% gdp growth is a little stronger to handle this, so that's why i think you want to be buying on this. >> everybody wants to buy. so many people -- you want to be bullish, but these guys in washington, and gals in washington, give you so little reason to actually be bullish. you're right. the corporate sector you know, loaded with cash, fundamentals turning positive. >> but this is the big difference from last year, last summer where the economy was so fragile. we were in such a fragile state last suggest so it was easy to tip us over. now we're a little better here in the states but a lot better in china, and a little bit better in europe. >> we've got to get to jim. >> because of the contrarian view, jim, is once we get a deal, we sell right into the deal. >> yeah, that's right. i'm going tonight skunk at the garden party here, and i'm geg going to tell you i never thought we'd get a deal. throwing rocks at each other. more likely we won't get a deal. the economy is as bad as last summer, looking at 1.5% growth for the fourth quarter, maybe the sa
CNBC
Dec 26, 2012 12:00pm EST
pulling the levers, we think we'll get some stimulus. it will feed into the global economy. europe is still on the mend, but it is doing what it needs to do. the u.s. has been growing. we've got housing, we've got automobiles. both have put in good numbers and we would expect that our economy will be able to weather the rockiness near term and benefit from an agreement on this fiscal cliff. >> steve weiss quickly. >> john, how do you see it playing out? we've seen a lot of ends being front end loaded only to fall off and maintain the back end. with everything that's going on in terms of spending, cutting back from europe and from u.s. standpoint. how do you see it playing out next year in terms of the market action? >> in terms of the market action, what we would expect, the first quarter a lot is going to depend on what happens with the fiscal cliff. as i said before, if we move into a recession, you're not going to get a 1585 target or 2 $108 in earnings. we're not expecting the powers that be in washington are going to be willing to save a defeat from the jaws of victory. >> yo
CNBC
Dec 28, 2012 12:00pm EST
for the consumer but my question to you is how are you calculating in what is going on in europe? do you see them spending again or do you see the austerity hitting their economy further? >> that is a great point. we do see bullish influences coming from overseas. we think this is kind of fading. we want to be exposed to china. we think the soft landing is real. we stabilized the 7.4 print in q 3 we think was the bottom. all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your
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